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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
Small-Business Optimism Unchanged in October
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Nearly Two-Thirds of Baby Boomer Nurses Over Age 54 Now Considering Retirement, Even as RN Demand Rises Rapidly
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While Veteran Hiring Continues to Rise, Veteran Workers Continue to Feel Underemployed
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Recruit Holdings Reports Second-Quarter Financial Results
Recruit Holdings Co. Ltd. News Release (11/10/2015)
Recruit Holdings Co. Ltd. reported net sales of ¥736.4 million for the second quarter of fiscal 2015, up 19.3% from ¥617.3 million in the second quarter of fiscal 2014. Net income totaled ¥32.4 million, up 14.1% from ¥28.4 million in the year-ago quarter.
Net sales totaled ¥200.9 million for domestic staffing in Japan, up 4.9% from ¥191.5 million on a year-to-year basis. For overseas staffing including the U.S., net sales totaled ¥211.4 million, up 54.8% from ¥136.5 million.
The Conference Board Employment Trends Index Increased in October
Conference Board News Release (11/09/15)
The Conference Board Employment Trends Index increased in October. The index now stands at 129.48, up from 128.65 in September (after a downward revision). The change represents a 4.1% gain in the ETI compared with a year ago.
“The [ETI] continues to show solid and broad-based gains, with no significant slowdown in job growth expected through the first quarter of 2016,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “Solid job growth and the lack of recovery in labor-force participation suggest that the unemployment rate may dip below 4.5% by this time next year.”
Free ASA Webinar Next Week—Getting Paid for the Work You Do
Are you having trouble getting clients to pay your invoices? Attorney Michael K. Rode will provide practical steps for creating enforceable contracts during the ASA webinar “Get Paid for Your Recruiting Services.” It takes place Thursday, Nov. 19, 3–4 p.m. Eastern time. It’s an excellent primer for recruiting and search consultants who plan to earn the ASA Certified Search Consultant® credential.
All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
ASA Headquarters Closed Tomorrow
In observance of Veterans Day, ASA will be closed Wednesday, Nov. 11. Staffing Today will be delivered as usual.
OSHA and ASA Release Video on Staffing Clients’ Safety Role
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2016 Colorado Minimum Wage Going up to $8.31 per Hour
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